Last Update: 03/27 2020 15:30 JST

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Business and Economy

Selected stories from Japan's leading economic news service

NIKKEI.com

This section provides selected stories from Nikkei Asian Review, a subscription-based English news service of Nikkei, Inc. Please click on the above logo to find more details.

  • Olympics delay to cost Japan $6bn in economic losses 03.24.2020

    Japan is faced with the possibility of $6 billion in economic losses if the Tokyo Summer Games do not proceed as planned, now that Prime Minister Shinzo Abe and the International Olympic Committee acknowledged for the first time Monday that a postponement was on the table due to the coronavirus pandemic.>>

  • Coronavirus jeopardizes hotel, transport and retail sectors 03.24.2020

    Job anxieties are spreading around the world as the coronavirus pandemic saps economic activity. With demand for travel and restaurant dining wiped out, three business sectors -- hotel and leisure, transport and retail -- appear headed toward widespread closures.>>

  • Oyo rolls out welcome mat at Japan's traditional inns 03.24.2020

    Indian startup Oyo Hotels and Homes is aiming its digital disruption at old-style Japanese hospitality -- signing up 1,000 ryokans, or traditional Japanese inns, to its online platform as the hotel operator recalibrates its growth plans.>>

  • Fears of Olympics delay sink Japan property stocks 03.16.2020

    Real estate shares and REITs were hit especially hard in (last) Friday's Japanese equities market rout as traders fretted over a possible postponement of the upcoming Tokyo Olympics that have bolstered property prices in the capital.>>

  • Coronavirus and Olympic doubt threaten Japan's Airbnb business 03.16.2020

    Akiko Yamamoto, a 32-year-old office worker from Kyushu, Japan's southernmost main island, has a side business: She rents out an apartment in Tenjin, Fukuoka, Kyushu's largest downtown area, to tourists.>>

  • Tokyo office vacancies plumb historic lows -- but virus fears loom 03.13.2020

    Tokyo's office vacancy rate fell to a record low of 1.49% in figures out Thursday amid the calm before a possible storm caused by the new coronavirus.>>

  • Tokyo's iconic commuter line adds first new stop in half-century 03.10.2020

    The Japanese capital's Yamanote commuter train line is set to open its first new station in almost 50 years on March 14, with added convenience already boosting land prices and school applicants in the area. >>

  • Norway fund buys $740mn chunk of Mitsubishi's Tokyo office 03.06.2020

    Norway's massive sovereign wealth fund will acquire part of Mitsubishi Estate's Tokyo headquarters tower in a 79.7 billion yen [$742 million] deal with the property developer.>>

  • SoftBank-backed Oyo hit by plunging valuation in Japan 03.05.2020

    The Japan residential unit of India's Oyo Hotels & Homes has suffered a dramatic drop in valuation after its joint venture partner sold its $77 million stake for a nominal $3.>>

  • Japan hotel REITs take hit as cancellations mount 02.26.2020

    Japanese real estate investment trusts with hotels in their portfolios are slumping as the new coronavirus keeps travelers away. Three of four hotel REITs disclosing January revenues have reported year-on-year drops. The Chinese government on Jan. 27 banned group tours abroad, causing a rash of cancellations. >>

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